As part of the generation of adult children watching out for aging parents, Seay has struggled to balance Williams’s independence against selling his largest asset — his house near downtown Atlanta — to pay for care in a more secure environment. These are the sort of fraught financial and emotional considerations facing adult children as they grapple with the increasing demand for support from their parents. ADADThere is no clear playbook, no formula for how to deal with aging parents who need help, experts said. State Medicaid programs pay for long-term care in nursing homes and in private homes, but only after nearly all of a beneficiary’s assets have been depleted. Among the most wrenching decisions adult children face is moving a parent to an assisted-living apartment or nursing home and selling their home.

Source: Washington Post May 11, 2020 10:03 UTC